Amount$50M
Post-money valuation$300M
SeriesSeries A
AnnouncedSep 5, 2023
Valuation step-up3.0×
Time since last round410 mo
SectorEnterprise, Cyber Security
Strong
A strong, well-structured round.
Round size vs peers
Far above the typical Series A round (4.5× the median) — an outlier.
Syndicate size
Healthy syndicate of 5 investors.
Insider conviction
5 existing investors re-upped — insiders doubling down.
Investor track record
A mix of established and emerging investors.
Valuation step-up
Healthy 3.0× valuation step-up.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series A rounds (995)
Round size distribution91th pct
smaller Series A roundslarger
Post-money valuation61th pct
$12Mthis round: $300M$1B
vs. Enterprise, Cyber Security (106)
Round size in sector93th pct
$100Kthis round: $50M$37M
